Public Sale 'Multi-Child Special Supply' Expanded from 3-Child to 2-Child Families

Income and Asset Requirements Relaxed by 10%p Per Child

The government is expanding the eligibility for special supply of public sale housing for multi-child families from the existing three-child households to two-child households, thereby increasing opportunities for childbirth families to own homes.

Public sale housing 'New:Home' information board set up at the Korea Land and Housing Corporation (LH) Goyang Project Headquarters Public Relations Center in Goyang-si, Gyeonggi-do. [Image source=Yonhap News]

On the 23rd, the Ministry of Land, Infrastructure and Transport announced that it will issue a legislative and administrative notice on the 28th for the amendment of subordinate laws, including the "Enforcement Rules of the Public Housing Special Act," which strengthens housing support for childbirth families.

According to the amendment, the eligibility for special supply of public sale housing for multi-child families will be expanded from the existing three-child households to two-child households. A proper supply area standard considering the number of household members will also be established so that families with many children can live in larger public rental housing.

In addition, households that give birth to children after the announcement date of the measures will be subject to relaxed income and asset requirements by 10 percentage points per child (up to 20 percentage points for two or more children) when applying for public housing subscription.

When selecting tenants for public rental housing, in the case of a tie in scoring, households with children under one year old will be given priority in supply.

Furthermore, the amendment includes several institutional improvements such as the introduction of youth-specialized rental housing that combines specialized residential spaces and services to alleviate housing instability and support asset formation for young adults and university students who are new to society.

Kim Kwang-rim, Director of Public Housing Policy at the Ministry of Land, Infrastructure and Transport, said, “Since housing issues such as the burden of housing costs have been consistently pointed out as the main cause of low birth rates, we plan to continue actively communicating with the public and prepare highly perceptible housing support measures that can help resolve the low birth rate.”

This content was produced with the assistance of AI translation services.